SYLLABUS

1. Objectifs du cours

The goal of this lecture is to analyse in a first part fossil fuels from economic perspective with regard to scarcity of resources, price determinants (reserves, supply, demand) and potential substitutes with clean energy sources, by usage type. The second part is dedicated to modeling and learning computer programming software, GAMS (General Algebraic Modeling System software; in the informatics room). Applications are within the field of energy sector within a general equilibrium approach (recycling of carbon taxes) and to electricity by means of partial equilibrium (renewable sizing-storage-demand-network constraints).

2. Description du cours

The course gives insights into the markets of fossil fuels (oil, gas and coal) to understand the major reserve-holders, supplyers, importing countries, the reserve flows (by pipeline, tankers, train, truck, etc along the Transport and Distrbution chains), the price setting and the European energy characteristics (policy, targets). The modeling part has application to the power market (power plant operation and price setting), to renewables' sizing of investment and plant operation (tidal, wind, solar power) under the constraint of the grid network or of the demand, and applications to energy storage in support to renewables (batteries, hydropower, CAES).

3. Plan du cours

• Chapter 1 The economics of primary energy
• 1.1. The economics of oil
• 1.2. The economics of gas
• 1.3. The economics of coal
• Chapter 2. Modelling applied to energy issues
• 2.1. Introduction to GAMS (General Algebraic Modeling System)
• 2.2. Applications to renewables – grid – load – Storage sizing problems
• 2.3. General Equilibrium: energy tax recycling

4. Compétences visées

• Competences: students develop strong systemic knowledge of energy markets, technical modeling skills for renewables and energy storage (use of software GAMS in the informatics room or home - open access tool in demonstration stage), and an understanding of EU energy policy frameworks, enabling them to analyze and contribute to energy transition strategies.
• In detail:
• Understanding Energy Markets and Supply Chains
• • Knowledge of fossil fuel markets (oil, gas, coal), including key players like major reserve holders and supplying and importing countries.
• • Understanding of energy supply flows via different transport modes (pipeline, tanker, train, truck).
• • Comprehension of European energy characteristics such as policies and targets.
• Economic and Price Modeling Skills
• • Ability to model power market operations, including how power plants function and how prices are set.
• • Understanding the constraints on renewable energy sources (tidal, wind, solar) imposed by grid networks and demand variability.
• • Competence in modeling energy storage solutions (batteries, hydropower, Compressed Air Energy Storage) to support renewable integration.
• Analytical and Quantitative Skills
• • Applying quantitative models to analyze energy production, distribution, and consumption patterns.
• • Evaluating impacts of energy policy and regulations using economic tools.
• Technical and Policy Awareness
• • Understanding technical challenges and economic implications related to integrating renewables into power grids.
• • Awareness of European energy policy context, transition targets, and challenges.
• Systemic and Strategic Thinking
• • Ability to view energy systems holistically from fossil fuel markets to renewables and storage.
• • Strategic insight into how energy markets evolve under policy and technological constraints.

Consulter la fiche RNCP de cette formation

5. Modalités pédagogiques

Mode d'enseignement : Présentiel

Langue(s) utilisée(s) : anglais (theory energy economics) + français (energy modelling)

Méthodes pédagogiques : Cours magistral, Travaux Dirigés

6. Modalités d'évaluation

Examen écrit sur table

7. Bibliographie

• P Schwarz, Energy Economics, 2016, Ed. Taylor & Francis
• FE Banks, Energy and Economic Theory, 2015, Ed World Scientific
• RL Nersesian, Energy economics. Markets, history and policy, 2016, Ed. Taylor & Francis
• N Hosoe, Kenji Gasawa,‎ Hideo Hashimoto, Textbook of Computable General Equilibrium Modeling: Programming and Simulations, 2015, Ed Palgrave Macmillan.